Reasons to do Business in Ireland

Availability of Skilled Labour

Ireland has a young, flexible, adaptable and mobile workforce. Ireland has always been regarded as a centre of excellence for education.

Low Corporation Tax Rate

Ireland 12.5% Corporate Tax Rate on trading income is one of the lowest “onshore” statutory Corporate Tax Rates in the world. It is important to note that Ireland’s Corporate Tax Rate is not an incentive regime, as it is the standard tax rate applicable to active business from any industry or sector.

Reliefs available to staff assigned from abroad

In Ireland a company can avail of a 25% tax credit against their current year corporation tax liability. The credit available is available to those companies engaged in in-house qualifying research and development activities, including plant, machinery and buildings.

Research and Development Tax Credit

In Ireland a company can avail of a 25% tax credit against their current year corporation tax liability. The credit available is available to those companies engaged in in-house qualifying research and development activities, including plant, machinery and buildings.

Attractive Holding Company Regime

Ireland’s attractive tax, regulatory and legal regimes, combined with an open and accommodating business environment has established it as a world class location for the headquarters of many international companies.

Technology

Ireland has a rich history of achievements in science and technology and continues to invest in research and technological capabilities. The most recent example of how Ireland is a continuing centre of excellence for technology is reflected through the investment by many of the large technological companies in the development of data centres within Ireland.

English Speaking and Good base in Europe

Ireland is one of the only two English Speaking members of the Euro zone, which is an important consideration for companies establishing a base in Europe.

Good track Record

Over 1,000 multinational corporations are continuing to expand their facilities in Ireland due to the profitability and success of their Irish operations. Ireland also offers companies a barrier-free access to over 500 million consumers within Europe.

What others say about Ireland as a place to do business

In addition to the above factor, Ireland continues to perform well in many global surveys:

• 1st in the world for availability of skilled labour, flexibility and adaptability of workforce, attitude towards globalisation and investment incentives. (The IMD World Competitiveness Yearbook 2014)

• Ranked lowest in the world in having difficulty in filling jobs at just 2%. (Manpower’s 2014 Talent Shortage Survey)

• Ranked 1stglobally for the value of investment projects to the economy and 4thin the world for inward job creation from inward investment, relative to population. (2014 IBM Global Locations Trends Report)

• In 2014 Ireland was the only one of the top 10 countries in Europe to record a growth in Foreign Direct Investment projects. (Foreign Direct Intelligence)

• Ireland stands in the top 15 of easiest places in the world to do business (World Bank Doing Business 2015)

Why Choose Ireland

It is clear from the above that Ireland has many factors, besides tax, which have lead to our country becoming a destination of choice for Foreign Direct Investment.

Our Doing Business in Kinsale initiative has been useful to promote Kinsale as a place to do business collaborating with key stakeholders. We have worked and collaborate with stakeholders in promoting the region as a great place to live, work and do business. Our initiatives we have produced over the years are and continue to promote Kinsale, Cork and surrounding areas. We have helped lots of companies to set up and make Ireland their base for business creating employment.

We have a successful track record in helping companies set up in Ireland, having a base here and looking after all aspects for them so they can grow and expand and trade within Europe and globally.

Stats & Data - Why choose Ireland for business ?

1st in World for :

·         Real GDP growth

·         Knowledge diffusion and knowledge impact

·         Investment incentives

·         Foreign investors

·         Flexibility and adaptability

·         Attracting and retaining talent

·         ICT service exports

·         Economic performance in 2023

1st in Europe for:

·         Friendliest country in the EU

·         E-commerce

·         Youngest population

·         Fastest growing population

·         STEM graduates per capita

·         Employment in high-tech manufacturing and knowledge intensive service sectors

1st in Eurozone for:

·         Quality of life

·         Small European Regions of the Future (Mid-West Region which compromises the countries of Clare, Limerick and Tipperary)

 Sources/ Reference :

1.      IMD World Competitiveness Yearbook 2023

2.      Conde Nast Traveller Reader Travel Awards 2023

3.      Digitalisation in Europe, Eurostat Report 2023

4.      Facts about Ireland 2023, IDA Ireland

5.      UNDP Human Development Index

6.      European Cities and Regions of the Future, fDi Intelligence 2024